Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0423%/8h= −46.3% APRpaid last 24h −0.332%

Price spread now: Bulk against MEXC+0.294%7-day average −0.105% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs+$27as in the Price arb table

costs, in and out, $10k−$130.133% of the position

Long on MEXC Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.382%−$38 on $10k

Price spread, last 4 days (all we have)−0.438%−$44 · spread now +0.294%, 7d avg −0.105%

Together, before fees−0.820%−$82 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bulk is 0.398% dearer against MEXC than usual: you sell high and buy low (spread +0.294% now, against its 7-day average of −0.105%): +$40 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TAO_USDT	320.00	0.0186	pay 0.0093% / 4h	1h 07m	$107.3M	$151.4M	300x
Short	Bulk TAO-USD	320.94	−0.0237	pay 0.0030% / 1h	7m 03s	$171K	$333	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee BulkbpOrdersPrice spread, now +0.294%Rate

Funding earned: −$88.79
Price spread: +0.294% → −0.105%: $39.85
Slippage, 4 orders: −$6.29
Fee MEXC: 0 bp × 2 orders: $0
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$62.24
Costs to cover: 0.133%
Break-even: from the start

Slippage from MEXC: live order book, 2 min ago; Bulk: live order book, 37 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 2 min ago	2.04 bp	2.3 bp −$2	6.0 bp −$60	27.7 bp −$2,769	89.7 bp −$44.9K
Sell Bulk live order book, 37 min ago	0.16 bp	3.7 bp −$4	4.6 bp −$46	6.0 bp −$601	11.5 bp −$5,743

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk TAO-USDshort	−0.0237%	1h	320.94	+0.294%	$171K	$333	10x
dYdX TAO-USD	0.0000%	1h	318.39	−0.503%	$127K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	319.46	−0.168%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.64	−0.113%	$44K	$705K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.70	−0.094%	$26.8M	$130.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.60	−0.125%	$14.4M	$52.4M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.83	−0.053%	$17.8M	$32.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.55	−0.141%	$35.9M	$58.1M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	319.08	−0.288%	$46K	$260K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.47	−0.166%	$85K	$1.2M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	319.49	−0.159%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	319.65	−0.109%	$116K	$599K	20x	as long as short
Katana Perps TAO-USD	+0.0108%	8h	319.50	−0.156%	$725	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0113% / S +0.0154%	1h	319.51	−0.152%	$426K	—	100x	as long as short
Aevo TAO-PERP	+0.0128%	1h	319.71	−0.091%	$176K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0130%	4h	319.97	−0.009%	$53K	$293K	10x	as long as short
Binance TAOUSDT	+0.0183%	4h	319.99	−0.003%	$93.0M	$528.2M	75x	as long as short
MEXC TAO_USDTlong	+0.0186%	4h	320.00	long leg	$107.3M	$151.4M	300x
edgeX TAOUSDC	+0.0188%	4h	319.19	−0.254%	$42K	$318K	10x	as long as short
Paradex TAO-USD-PERP	+0.0246%	8h	318.50	−0.468%	$14K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0279%	4h	320.03	+0.009%	$70.2M	$155.9M	50x	as long as short
BingX TAO-USDT	+0.0282%	4h	319.94	−0.019%	—	$35.4M	—	as long as short
Bullet TAO-USD	+0.0309%	1h	319.96	−0.013%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0348%	4h	319.89	−0.034%	$1.3M	$10.9M	50x	as long as short
Extended TAO-USD	+0.0360%	1h	320.11	+0.033%	$908K	$2.4M	25x	as long as short
GRVT TAO_USDT_Perp	+0.0364%	4h	318.37	−0.508%	$540K	$917K	10x	as long as short
BloFin TAO-USDT	+0.0423%	4h	319.99	−0.003%	$4.7M	$11.1M	100x	as long as short
Variational Omni TAO	+0.0513%	4h	319.68	−0.101%	$5.7M	$10.2M	—	as long as short
Nado TAO-PERP	+0.0517%	1h	319.72	−0.088%	$792K	$2.0M	10x	as long as short
Pacifica TAO	+0.0525%	1h	318.61	−0.435%	$362K	$429K	10x	as long as short
Phemex TAOUSDT	+0.0525%	4h	320.28	+0.087%	$3.3M	$8.1M	50x	as long as short
Phoenix TAO	+0.0567%	1h	319.50	−0.156%	$318K	$709K	5x	as long as short
Hyperliquid TAO	+0.0603%	1h	320.11	+0.035%	$94.7M	$109.9M	5x	as long as short
Lighter TAO	+0.0608%	1h	320.22	+0.070%	$1.6M	$6.8M	5x	as long as short
01 Exchange TAOUSD	+0.0624%	1h	319.85	−0.047%	$3K	$4K	5x	as long as short
Arcus TAO-USD	+0.0641%	1h	319.56	−0.138%	$103K	$389K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0679%	1h	320.10	+0.031%	$298K	$905K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	319.64	−0.113%	$368	—	20x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0785%	1h	320.15	+0.046%	$15K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	320.41	+0.128%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	319.62	−0.120%	$440K	$677K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1152%	1h	320.30	+0.094%	$6.0M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.52	+1.100%	$24K	$2K	12x	as long as short